Energy Transfer price to book ratio ET

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 22, 2026: 2.0×
8-year median: 1.3×
Against its 8-year history: 93rd; percentile: 0 is its lowest day, 100 its highest
8-year range: 0.6× to 2.1×
Peer median: 4.3×

Energy Transfer's price to book ratio is 2.0× as of Oct 22, 2026.

That is above its 8-year median of 1.3×, higher than on 93% of days in the last 8 years.

Over that time it ranged from 0.6× in Mar 2020 to 2.1× in Sep 2026.

The median for 10 oil and gas pipeline stocks of a similar size is 4.3×.

Price to book ratio over time

median 1.3×

The dashed line is the 8-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	2.0×	1.6×	2.1×
2025	1.6×	1.6×	2.0×
2024	1.9×	1.3×	1.9×
2023	1.3×	1.1×	1.3×
2022	1.1×	0.9×	1.2×
2021	0.8×	0.8×	1.4×
2020	0.9×	0.6×	1.7×
2019	1.6×	1.4×	2.0×
2018	n/m a value too high to mean anything
2017	n/m a value too high to mean anything
2016	n/m a value too high to mean anything
2015	45.4×	39.9×	62.8×
2014	43.3×	16.2×	57.4×
2013	16.3×	6.1×	16.3×
2012	5.7×	4.1×	194×
2011	179×	51.6×	179×
2010	53.0×	45.6×	53.7×

Against its peers

Companies in Oil & Gas Midstream nearest Energy Transfer's size, closest first, today.

Company	Price to book ratio
ETEnergy Transfer	2.0×
TRGPTarga Resources	17.7×
KMIKinder Morgan	2.4×
LNGCheniere Energy	10.0×
OKEONEOK	2.6×
MPLXMPLX Lp	4.3×
EPDEnterprise Products Partners	2.6×
WMBWilliams Companies	6.6×
VGVenture Global	4.1×
CQPCheniere Energy Partners	42.5×
WESWestern Midstream Partners	4.4×
Peer median	4.3×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Energy Transfer

Valuation data, not investment advice. Prices as of Oct 22, 2026. Reported figures come from the company's filings with the SEC.